Production and sales of titanium dioxide and titanium sponge hit record highs. Longbai Group achieved revenue of 13.248 billion yuan in the first half of the year

 On August 25, Longbai Group, the global leader in titanium dioxide, announced its report card for the first half of this year.

  Semi-annual report data shows that in the first half of this year, Longbai Group achieved operating income of 13.248 billion yuan, a year-on-year increase of 6.84%; and achieved net profit attributable to the parent company of 1.262 billion yuan.  

 In terms of products, in the first half of this year, Longbai Group's titanium dioxide products achieved operating income of 8.789 billion yuan, accounting for 66.34% of the company's operating income in the first half of this year; iron products achieved operating income of 1.281 billion yuan, accounting for 9.67% of the company's operating income in the first half of this year; sponge titanium products achieved operating income of 1.086 billion yuan, a year-on-year increase of 1.59%.

  In terms of sales regions, Longbai Group's sales proportion in overseas markets further increased in the first half of this year.

  Semi-annual report data shows that in the first half of this year, Longbai Group's overseas market sales accounted for 42.16% of its operating income, a year-on-year increase of 0.69%. It should be noted that Longbai Group's operating income reached a new high in the first half of this year. In this regard, Longbai Group stated that during the reporting period, the company flexibly adjusted its sales strategy, seized the favorable opportunity for the bottom recovery of the titanium dioxide industry, and actively explored the titanium sponge market. The company effectively improved the utilization rate of titanium dioxide and titanium sponge production capacity, especially Chlorinated titanium dioxide and titanium sponge production capacity were effectively released. The production and sales of titanium dioxide and titanium sponge hit new highs, the market share was further increased, and the leading position was further consolidated.